13 CFR § 108.470 - SBA approval of merger, consolidation, or reorganization of NMVC Company.

---
identifier: "/us/cfr/t13/s108.470"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 108.470 - SBA approval of merger, consolidation, or reorganization of NMVC Company."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "108.470"
section_name: "SBA approval of merger, consolidation, or reorganization of NMVC Company."
chapter_name: "SMALL BUSINESS ADMINISTRATION"
part_number: "108"
part_name: "NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 689-689q."
regulatory_source: "66 FR 28609, May 23, 2001, unless otherwise noted."
cfr_part: "108"
---


# 108.470 SBA approval of merger, consolidation, or reorganization of NMVC Company.

You may not merge, consolidate, change form of organization (corporation or partnership) or reorganize without SBA's prior written approval. Any such merger or consolidation will be subject to § 108.440.